Actually I went back and read Mr. Liller's report and here is a couple of quotes..
"Drilling data is insufficient to calculate a drill indicated resource. Simple volumetric calculations based on the available data infer a potential 25,000,000 tonne target may be present in the Lipangue breccia pipe. No grade estimations can be made at this time."
"the Lipangue breccia pipe has a target size on the order of 25,000,000 tonnes.
"This is only an effort to quantify the potential size of the prospective target with the limited data available. Grade estimations can not be made nor should it be assumed that the entire breccia zone would be of economic grade.."
So as I understand this report, he can ONLY see at this time, A TARGET of 25 mt.. and that is with assuming the ENTIRE zone is
economically mineralized.. which he does not know.. because
"grade estimations can not be made nor should it be assumed that the entire breccia zone be of ecomic grade.""
I don't know, but as they say on this thread.. so much..HMMMM.
or is it .... MD..HMMMMMMMMM??
Good luck investors while I do my DD... Coug..
P.S... I am sure glad I went and read Mr Liller's report myself,
which seems fine BTW, and DID NOT rely on the SPIN,IMO, of someone else....
Another thing I wonder about from the so called "expert and responsible" posters on this board is WHY they did not discuss this
particular post,, before.. |
